The price of Equity Commonwealth (NYSE:EQC) shares last traded on Wall Street rose 2.38% to $1.72.
EQC stock price is now 22.19% away from the 50-day moving average and 27.85% away from the 200-day moving average. The market capitalization of the company currently stands at $184.61M.
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With the price target maintained at $28, BofA Securities recently Downgraded its rating from Neutral to Underperform for Equity Commonwealth (NYSE: EQC). On May 07, 2021, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $32 to quote $29, while ‘JMP Securities’ rates the stock as ‘Mkt Perform’
In other news, Levy Andrew, SVP & Chief Accounting Officer sold 2,409 shares of the company’s stock on Mar 06 ’24. The stock was sold for $45,072 at an average price of $18.71. Upon completion of the transaction, the SVP & Chief Accounting Officer now directly owns 2,305 shares in the company, valued at $3964.6. A total of 5.81% of the company’s stock is owned by insiders.
During the past 12 months, Equity Commonwealth has had a low of $1.22 and a high of $1.76. The fifty day moving average price for EQC is $17.412 and a two-hundred day moving average price translates $18.92055 for the stock.
The latest earnings results from Equity Commonwealth (NYSE: EQC) was released for 2024-09-30. The net profit margin was 71.75% and return on equity was 2.10% for EQC. The company reported revenue of $13.99 million for the quarter, compared to $15.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.05 percent.
